Sembcorp Marine (S51.SG) flat at $3.96 vs $3.99 high in early trade, hardly swayed by rig-builder’s latest $110 million ship repair, upgrading contracts, according to Dow Jones.

“The market is unlikely to get excited over the new contracts as the order value accounted for less than 3% of the total orderbook,” says DMG analyst Jason Saw; notes year-to-date orders nearly $1 billion, well below his $2.5 billion full-year forecast.

Latest projects include upgrading ferry ship, servicing cruise vessel, repairing LNG carriers. SembMarine’s fortunes hinge largely on outcome of bid for Brazilian oil giant Petrobras’ 28-rig tender, result of which now expected only in November instead of August as initially thought.

Immediate resistance at current September high of $4.00, support at last week’s $3.91 low.